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Wednesday, 8 July 2020

Bitcoins: 8 July 2020, Wednesday


Bitcoins:
8 July 2020, Wednesday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Bitcoins. After testing the resistance in June and July in which I had expected a breakup of $10,500 resistance, and for which there was no breakthrough, I am back to bearishness on Bitcoins. Sell all Cryptocurrencies and Bitcoins. In addition, the main reason for my bearishness on bitcoins and cryptocurrencies is the market makers' funds flow aligning with the smart monies'. This is nasty. If smart monies want to drive down prices, market makers are in agreement and will not be lending much support. The light-orange trajectory is how I envisage the price action of the Bitcoins and Cryptocurrencies in general to complete their expanding triangle.

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Tuesday, 2 June 2020

Gold: 2 June 2020, Tuesday

Gold:
2 June 2020, Tuesday
(Click on the Technical Chart Above to Expand)

Attached is the Updated Technicals of Gold. 
All explanations as per illustrated on chart.

Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Wednesday, 27 May 2020

Updated Technicals of Spain IBEX Index: 27 May 2020

Updated Technicals of Spain IBEX Index:
27 May 2020
(Click on the Technical Chart Above to Expand)

Attached is the updated Technicals of Spain IBEX Index representing weakness of Eurozone and worldwide markets. 
Short/sell on Good News.

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Updated Technicals of Hong Kong Hang Seng Index (HSI): 27 May 2020

Updated Technicals of Hong Kong Hang Seng Index (HSI):
27 May 2020
(Click on the Technical Chart Above to Expand)

Attached is the updated Technicals of Hang Seng Index. I first flipped back to shorts on Hong Kong Hang Seng Index (HSI) at around 27400 pts zone (refer to February 2020 analysis). HSI is now 23,370 pts. The Rounding Top distribution is a big one. This big rounding top gives a target of 74.2% of 24,500 points = 18,189 points target for Hang Seng Index as first target. Often, the sheer momentum will be fearful and this momentum may cause the green support line to break despite it coincidentally at the rounding top target. 

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Thursday, 21 May 2020

Comparison of the US Banks 20 May 2020, Wednesday

Comparison of the US Banks
20 May 2020, Wednesday
(Click on the Technical Chart Above to Expand)

Attached is the Technical Comparison of the US Banks. Wells Fargo is the weakest followed by Citigroup. Bank of New York Mellon is the strongest followed by Goldman Sachs. Weakest will often remain weaker in comparison to everyone in their respective trends. There is a reason why they are there.


DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Wednesday, 20 May 2020

Gold 3X ETFs: 20 May 2020, Wednesday

Gold 3X ETFs:
20 May 2020, Wednesday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of typical Gold 3X ETFs.
The green zone is the massive consolidation which I had preempted and reiterated many times in the past few years that they were smart monies' buys for very massive upwave of Gold to come. The first set of blue circled regions are the close to 300% returns since my buy-analysis for Gold (for aggressive gold bull investors). These people will see their holdings go to 1000% returns when my gold TP comes. The 2nd set of single blue circled region is where bullish gold buyers were rewarded with 150% returns on sharp technical backtest. The entire price structure also serves to remind that Gold ascent from breakout is just the start of a big journey up.
(Click on the Technical Chart for the expanded version)

Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Dow Jones Industrial Average (DJIA): 20 May 2020, Wednesday


Dow Jones Industrial Average (DJIA):
20 May 2020, Wednesday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Dow Jones Industrial Average.
All illustrations are self-explanatory on the Technical Chart attached.
(Click on the Technical Chart for the expanded version)


DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Monday, 18 May 2020

Singapore Straits Times Index (STI): 18 May 2020, Monday


Singapore Straits Times Index (STI):
18 May 2020, Monday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Singapore Straits Times Index.
It gives a possible glimpse to the plight of economies around the world. Remember, Singapore has for the past 3 decades been the number 1 barometer for the state of international trade and finance worldwide. Half the weight of Singapore Straits Times Index is made up of the 3 Singapore Banks of DBS, UOB and OCBC. As banks worldwide will be affected badly due to Covid-19 pandemic and, further to that, will go into hibernation winter due to FED's NIRP-ZIRP policy post-Covid, banks and Straits Times Index (STI) will be affected badly and go into long term winter as well. This makes banks and STI straight sell, both technically and fundamentally.
The tide has reversed. Coronavirus is a black swan now.

Next Target (due to large rounding top): 
70.14% of 2525 points = 1771 points for Straights Times Index.

Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Singapore Airlines (SIA): 18 May 2020, Monday


Singapore Airlines (SIA):
18 May 2020, Monday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Singapore Airlines (SIA), one of the top airlines in the world.
It gives a possible glimpse to the plight of all airlines in the world -- when the strongest in the world is in a bad state, the weak ones would be far worse. On 4th April 2020, when SIA was at $5.50 I had said that the stock was a straight sell as it was in an immensely high pressure selling zone. It is $3.90 now. However, the worst is not over yet. Based on technical price structure, the TP of the breakdown is $3.25 for consolidation. Consolidation means the market needs to decide at $3.25 if the situation clears from there. If yes, there will be a consolidation breakup for buying; if not, there will be a further consolidation breakdown for more down wave and selling. Conclusion: Blue words stated in T.A chart.

Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Thursday, 7 May 2020

Bitcoins: 7 May 2020, Thursday

Bitcoins:
7 May 2020, Thursday
(Click on the Technical Chart Above to Expand)

Attached is the technicals of Bitcoins. The black boxed region is the volume flow of reversal volumes that mark a rock bottom. Such volume flow at bottoms successfully reverse a flow and create a new major tide 90% of the time. The green circled region is where Bitcoins are finding secret new supports. A breakout of the double red resistance lines will create an a significantly major new tide up. I am ending any bearishness on Bitcoins, and am resuming my bullish outlook on Bitcoins.

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Tuesday, 5 May 2020

Propnex Realty (in sync with big sunset tide of property markets worldwide): 5 May 2020, Tuesday

Propnex Realty (in sync with big sunset tide of property markets worldwide):
5 May 2020, Tuesday
(Click on the Technical Chart Above to Expand)

Attached above is the technicals of Propnex Realty, another property market related company listed in the Singapore SGX. Propnex price actions had been in sync with the big sunset tide of property markets worldwide which I had pointed out clearly with respect to the interest rate cycles. After consolidating in slow, draggy and limpy dead cat bounce in 2019, it has broken down the brown trend line as shown. It is doing a backtest right now and is expected to be a successful backtest of the brown trendline as resistance. The green circled region is a minor struggling escape wave to further suck in retail investors and traders. Based on technicals projecting 15c down, the next target is $0.35, representing a straight -30% fall in value, before consolidation happens again for the next dead sunset cat bounce.


DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Sunday, 3 May 2020

CapitaLand Ltd (Top 3 Property Company in Singapore and one of the best in Asia, and an attempted peer into the Property Sector Worldwide): 3 May 2020, Sunday, 10.25pm Singapore Time

CapitaLand Ltd (Top 3 Property Company in Singapore and one of the best in Asia, and an attempted peer into the Property Sector Worldwide):
3 May 2020, Sunday, 10.25pm Singapore Time
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Capitaland (Top 3 Property Companies in Singapore and one of the best in Asia, and possibly the world as well). As it is one of the best in the world, especially in Asia, it gives an indication as to which phase we are at in the property market secular cycle.

Point 1 and Point 2 in chart coincides with the entire Long Term 10-Year Cycle of an interest rate move. Alas, at the end of the one major down and one major up in the 10-year interest rate cycle, even elite property companies like CapitaLand have made one confirmation now: that the property markets' best days are over. We are at the sunset.

The next TP for CapitaLand is another -71% down to $0.86 in price. This follows standard price structure theory of first impulsive wave down, followed by symmetrical triangular consolidation lasting from 2009 to 2020, and a breakdown now. The breakdown of long term consolidation has been achieved now. The price actions of the property sector, and property stocks, could no longer perform overpar under both low interest rate and recovering higher rates which rose merely slowly from 2009 to 2020 -- an environment extremely conducive for property markets.

For property markets, if there is good high price, there is likely not much liquidity. The fact is that income and employment of the largest middle-class do not match up to the property inflation anymore. We call that a gap. There are just not enough good jobs or high paying jobs to match up to the properties. This is a phenomenon happening worldwide. This is why property stocks could no longer break up previous highs of 2008 no matter how conducive interest rate environments were. 

The financial money game of phony artificially inflated assets is coming to an end worldwide, especially real estate, and especially in Asia, because there is not much greater fools within the greater fools' theory anymore; most greater fools had already been in, and even if fools wanted to play the game, the income and employment conditions (that gap) does not catch up to the game anymore. And despite banks being enabled worldwide to lend out unlimited cheap monies to the masses, the gap between income (and employment) and property prices of the largest middle class can no longer provide the volume to support the asset bloated eco-system.

Nobody, in their wildest dream, will ever believe property markets can keep going down against them. Classical conditioning has been deeply entrenched, and sheeps could be slaughtered. This then is where risk and danger is.


DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Tuesday, 14 April 2020

Bank Stocks: 14 April 2020, Tuesday


Bank Stocks:
14 April 2020, Tuesday
(Click on the Technical Chart Above to Expand)

Unload all bank stocks using this rebound, including DBS Bank, OCBC and UOB Bank and any country's bank stocks. Due to the Corona Virus Pandemic, interest rates are hammered to the floor. I am no longer bullish of banks with the forced artificially low interest rates that is here to stay for the next few years. It will become harder and harder for banks to earn money, and the financial sector's future will become bleaker in the next few years.


DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Thursday, 9 April 2020

Dow Jones Industrial Average (DJIA): 9 April 2020, Thursday, 10.48pm Singapore Time

Dow Jones Industrial Average (DJIA):
9 April 2020, Thursday, 10.48pm Singapore Time
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Dow Jones Industrial Average (DJIA).
It has retraced into the fibonacci halfway mark today (Red Zone). This is a shorting/selling/unloading point for stocks, before the last wave, C-wave down, takes over. Today is the day to sell on final dose of good news released in the market before fear takes over to grip the neck of the market (50% to 61% of the fibo zone).


DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Saturday, 4 April 2020

Delta Air Lines (NYSE: DAL): 4 April 2020, Saturday, 11.35am Singapore Time

Delta Air Lines (NYSE: DAL):
4 April 2020, Saturday, 11.35am Singapore Time
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Delta Air Lines that is listed in the US Market of NYSE.
The uptrend of Delta Air Lines in yellow has ended. The rooting Long Term Classical Line has been broken down as well. Rooting lines must never be broken down, and in this case here, the root has been taken out. This would yield a long term downtrend with big room down for Delta Air Lines.
First target price: half price of $24 region (trend determinant line) yielding a 1st TP of $12.00.
Second target price if $12.00 psychological support cannot hold:
long term support of $3.12 as 2nd TP.

Highly Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Singapore Airlines (SIA): 4 April 2020, Saturday, 11.00am Singapore Time


Singapore Airlines (SIA):
4 April 2020, Saturday, 11.00am Singapore Time
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Singapore Airlines, the top 3 airlines in the world.
It gives a possible glimpse to the plight of all airlines in this world. When the strongest in the world are in bad state, the weak ones would be worse. For Singapore Airlines' stock price action, the red zone at around $5.75 is where smarter monies would be very ready and eager to get out, sell or take shorts. It is an immensely high pressure selling zone. This zone had been tested repeatedly and has been proven successful. This means that the peak of escape wave can now be confirmed and the projection for next immediate target can now be confirmed. The next immediate target for Singapore Airlines would be $4.36. The bear flag is looking ready to execute the next slam dunk now.

Highly Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Wednesday, 18 March 2020

European Banks especially Deutsche Bank (NYSE: DB): 18 March 2020, Wednesday

Deutsche Bank (NYSE: DB): 
18 March 2020, Wednesday
(Click on Technical Chart above to Expand)

Attached is the Technicals for Deutsche Bank (NYSE: DB; listed in Germany and also listed in US Market). Deutsche Bank is in serious trouble based on Technical Price Actions.

In addition, below are Europe's top 10 riskiest banks in 2019.
(They may have intense corona selling pressure) 1. Deutsche Bank (2019 Assets $1501.2 billion) 2. DZ bank (2019 Assets $562.4 billion) 3. Societe Generale (2019 Assets $1457.7 billion) 4. Groupe BPCE (2019 Assets $1417.6 billion) 5. BNP Paribas (2019 Assets $2271.8 billion) 6. Caixa Bank (2019 Assets: $430 billion) 7. Lloyds (2019 Assets $780.6 billion) 8. UBS (2019 Assets: $1066.8 billion) 9. Commerzbank (2019 Assets: $514.5 billion) 10. Barclays (2019 Assets: $859.7 billion)

Their clutches have melted.
Someone out of the 10 above may collapse like corona-pneumonia.

The Donovan Norfolk Technical Rating for European Banks and Deutsche Bank:
High Bearishness

DISCLAIMER
This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Wednesday, 19 February 2020

Technicals of Reckitt Benckiser (London Stock Exchange: RB): 19 February 2020, 12.22am Singapore Time

Technicals of Reckitt Benckiser (London Stock Exchange: RB):
19 February 2020, 12.22am Singapore Time
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Reckitt Benckiser Group (London Stock Exchange: RB). Reckitt Benckiser is the owner of Vanish, and disinfectants and antiseptics such as Dettol, Lysol etc. I am extremely bullish of this company and based on the technical projection, it could hit 12,000 in the foreseeable future. Bullish, with a current rounding bottom of re-accumulation which is completing. 

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Monday, 17 February 2020

Updated Daily and Weekly Technicals of Wheat (with implication for Wheat ETFs): 17 February 2020

Updated Daily and Weekly Technicals of Wheat (with implication for Wheat ETFs):
17 February 2020
(Click on the Technical Chart Above to Expand)

Attached is the Updated Daily and Weekly Technicals of Wheat.
The locust plaque (400,000 million locusts / 400 billion locusts) affecting East Africa, West Asia, South Asia and an impending risk to China will cause crop supplies to further tighten worldwide. This is in addition to the already unfriendly heat waves and forest fires in Southern Hemisphere. Based on technicals, I am hyper bullish on grains, rices, crops, wheat and food. Expect a super soaring rally on wheat and wheat ETFs such as those listed in the US markets.

The Donovan Norfolk Technical Rating:
Bullish

All Past Fulgent Genetics Analyses:
https://donovan-ang.blogspot.com/search/label/Fulgent%20Genetics

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Thursday, 13 February 2020

Updated Technicals of Fulgent Genetics (NASDAQ: FLGT): 13 February 2020

Updated Technicals of Fulgent Genetics (NASDAQ: FLGT):
13 February 2020
(Click on the Technical Chart Above to Expand)

Attached is the Updated Technicals of Fulgent Genetics (NASDAQ: FLGT). Fulgent is on a powerful uptrend channel as shown. It is repeating the break-ups of pink resistances while at yellow trendline supports (refer to all 3 circled regions in dark green). It has broken up light green resistances and is now making it the support. Price Actions with respect to Linear Regression is bullish, of buying mode, and aggressive. The breakup of light green resistance was done using cup and handle re-accumulation. Consistent re-accumulation within the yellow channel is persistent and relentless. If you had bought with me at $4.79 , your returns is now +350% now. You can expect your returns to be +1000%, i.e. another more than 200% returns from current point.

The Donovan Norfolk Technical Rating:
Bullish

All Past Fulgent Genetics Analyses:
https://donovan-ang.blogspot.com/search/label/Fulgent%20Genetics

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Sunday, 9 February 2020

Updated Technicals of Hong Kong Hang Seng Index (HSI): 9 February 2020

Updated Technicals of Hong Kong Hang Seng Index (HSI):
9 February 2020
(Click on the Technical Chart Above to Expand)

Attached is the updated Technicals of Hang Seng Index. After analysing for taking of shorts on Hong Kong at the higher points and analysing for taking of profits at the breakdown region in green, I am reversing my neutrality on Hong Kong and China markets and am turning bearish of Hong Kong and China markets again. The illustrated technicals show where high selling pressure zones for HK Hang Seng Index is presenting and where sellers are expected to take control again in the markets in China and Hong Kong. I am expecting more chaos in Hong Kong again. The orange region also further highlights confluence of numerous selling pressure in the technicals for Hong Kong and China region. I am flipping back to bearishness for Hong Kong and China. Unload Hong Kong and China stocks and establish shorts on Hong Kong / China. 

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Wednesday, 5 February 2020

Updated Technicals of Wheat: 5 February 2020

Updated Technicals of Wheat:
5 February 2020
(Click on the Technical Chart Above to Expand)

Attached is the updated Technicals of Wheat.
ONE PHRASE:
It is going to super soar to the moon.
Buy wheat, wheat ETFs listed in the US markets and wheat related stocks.

The Donovan Norfolk Technical Rating:
Very Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Monday, 3 February 2020

Updated Technicals of Gold: 3 February 2020

Updated Technicals of Gold:
3 February 2020
(Click on the Technical Chart Above to Expand)

Attached is the updated Technicals of Gold.
All illustrations are as on Technical Chart.
Next target: $1650 and $1700.
Gold will break out of $2000 psychological resistance.

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Sunday, 2 February 2020

Technicals of Hong Kong Hang Seng Index (HSI): 2 February 2020

Technicals of Hong Kong Hang Seng Index (HSI):
2 February 2020
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Hang Seng Index. The Hang Seng Index is bottoming out per my last week's live analysis to take profits of all Hang Seng Index shorts on fear as posted on my FB Wall updates (refer blue circled region and my FB Wall). The updated expected trajectory for Hang Seng Index is now as illustrated in light orange. Continue to take all shorting profits amidst maximum gloom, doom and fear amongst the herd in HK-China. Most people are short-selling confidently amidst the fear, hence one should not be bearish anymore as the worst could be over when fear is at capitulation point now.

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Wednesday, 29 January 2020

Technicals of Fulgent Genetics (NASDAQ: FLGT): 29 January 2020


Technicals of Fulgent Genetics (NASDAQ: FLGT):
29 January 2020
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Fulgent Genetics (NASDAQ: FLGT).
Trinity of Special Forces with purposeful consolidation.

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Monday, 20 January 2020

Technicals of JD.com (NASDAQ: JD) for Trading: 20 January 2020


Technicals of JD.com (NASDAQ: JD) for Trading:
20 January 2020
(Click on the Technical Chart Above to Expand)

Attached is the Technicals for JD.com (Chinese E-commerce titan). China's SARS-like virus is spreading worse than expected. Demand for E-commerce services will be expected to heat up in the coming months. Markets will start to price in the future earnings increase of JD.com (NASDAQ: JD). The stock has broken up the black trendlines as shown. The immediate TP of the entire price structure is at least $46.00.

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Sunday, 19 January 2020

Technicals of Platinum and Platinum ETFs (NYSE: PPLT) for Trading/Investing: 19 January 2020


Technicals of Platinum and Platinum ETFs (NYSE: PPLT) for Trading/Investing:
19 January 2020
(Click on the Technical Chart Above to Expand)

Attached is the Technicals for Platinum. Platinum was alerted by a fellow professional in my discussion forum, he is a good trader who is based in the US and is active in US markets, and so I did some further add-ons as above.
All technicals illustrated are self-explanatory: Bullish for Platinum and related ETFs and stocks. I expect further strong-legged upside for platinum. Immediate TP for this ETF (PPLT) is at least at $104.

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Sunday, 29 December 2019

Technicals of Lumber for Trading: 29 December 2019, Sunday


Technicals of Lumber for Trading:
29 December 2019, Sunday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals for Lumber. Lumber is a buy/long now whether for trading or investing for the short-mid term. Australia is burning, and the forest fires are at a critical emergency state now. Huge amount of forests have been burnt in South East Asia, Brazil, US and Australia this year. The market has not fully digested the extent of the damage yet, and with global warming, it will not get any better. The best hedge for many countries' governments is to go into lumber market and buy up lumber ETFs, lumber contracts and lumber derivatives now, so that future expensive wood resources can be subsidized more cheaply by the current hedges of intensive buys. Expect lumber prices to shoot up. The technical chart, with the illustrated tangents, support my point.

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Wilmar International: 29 December 2019, Sunday

Updated Technicals of Wilmar International:
29 December 2019, Sunday
(Click on the Technical Chart Above to Expand)

Attached is the Updated Technicals of Wilmar International. The entire yellow circled region was forewarned by me, before prices moved, that Palm Oil and good palm oil stocks worldwide, such as Wilmar, will make a great bullish rounding bottom for a super rally. When most people were gloom and doom on palm oil, I turned into high optimism. In the middle of this year 2019 and reiterated in 3Q-2019, I had said that palm oil was going to have extreme rally, and it is all happening now, true to my words (refer to past live track records as attached below). Wilmar will challenge for $7.11 long term technical resistance in the resumed cycle for palm oil, and is expected to break up $7.11 resistance like a hot knife cutting through butter.

The Donovan Norfolk Technical Rating:
Bullish

Past Wilmar Analyses:
http://donovan-ang.blogspot.com/search/label/Wilmar

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Hibiscus Petroleum (KLSE: 5199): 29 December 2019, Sunday

Hibiscus Petroleum (KLSE: 5199): 
29 December 2019, Sunday
(Click on Technical Chart above to Expand)

Attached is the Updated Technicals for Hibiscus Petroleum (KLSE: 5199) that is listed in the KLSE. The stock has broken out of its intra-day critical resistance that was formed over a long period of time within the hourly chart, and is turning critical resistances into critical supports (refer to blue arrowed technicals). Golden Cross has also been executed, with price actions having the ability to consolidate above golden cross. This is bullish in nature. Note that in the long term Technicals of Hibiscus Petroleum, it has the ability to break up of 2.68 pivotal resistance set in 2013 and rally beyond 3.00 psychological resistance. This will be in line with crude oil's bullish cycle (target US$180 per barrel) as reiterated in the past few years. Current price is 0.95, and a move beyond 3.00 would represent multi-bagger gain for investors and longs traders, and an expected +1000% gain to my price entry of below 0.30 (refer to past track records).

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER
This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.